Made-in-China.com 2016 Revenue Up 38%

Posted by Joachim Bartels | Mar 30, 2017 | China, Digital Media, E-Commerce, Made In China, Platforms / Workflow Tools, Sourcing | 0 |

Focus Technology, the holding company of Made-in-China.com, reported its financial results for the year ended 31^st December 2016. Total revenues were US$99 million in 2016, up 38% over the previous year. However, net profit dropped by 29%, to US$16 million. Diluted earnings per share in the year were RMB 0.95 (US$0.14).

The company’ management attributed the increase in revenues to: 1) an increase in the number of paid members and related services income; 2) revenues from the newly acquired DOBA, Inc.; and 3) an increase in commission revenues from its subsidiaries. The decrease in Focus Technologies’ net profit was mainly due to the increase in its operational costs.

Source: Business Strategies Group Hong Kong – www.bsgasia.com

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